Indorama Ventures To Acquire US-Based Old World For $795 Million
2012年2月7日 - 11:51AM
Dow Jones News
Thailand's Indorama Ventures PCL (IVL.TH) said Tuesday it has
singed an agreement to acquire 100% interest in U.S.-based Old
World Industries I Ltd. and Old World Transportation Ltd. for $795
million.
Indorama plans to use its internal cash and loans from financial
institutions to fund the acquisition, which is expected to be
completed within the first quarter, Indorama said in a statement to
the Stock Exchange of Thailand.
Old World owns an ethylene oxide/ethylene glycol facility in the
U.S., with a crude ethylene oxide capacity of 435,000 metric tons
per annum, the statement said.
-By Phisanu Phromchanya, Dow Jones Newswires; 662-690-4200;
phisanu.phromchanya@dowjones.com
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